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down, not up. lori: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal cliff was. >> oh, yes. the debt ceiling is a potentially large fiscal contraction like the fiscal cliff was. even bigger, actually, if you do the math. debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer.
the debt ceiling to keep going up through the middle of may. that would delay the expected shutdown -- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've
. the underlying bill that we're going to vote on in a little while suspends the debt ceiling for a period of time, as we all know. my amendment doesn't change that fact, but it addresses one of the consequences of that fact. the fact is, this bill suspends the debt ceiling, but it doesn't resolve the underlying problem. and so we're going to be back here in a few months with the same impasse that we've had in the past. what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take their conversations out of chamber. mr. toomey: thank you, madam president. so my point is that we're going to be back at this situation where we will have reached the debt limit once again.
on the debt ceiling and always keeping it, well, a little racy. >> the obama administration once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle.
to extend the debt ceiling, but another budget battle could shut down the entire federal government. rich edson is lye on capitol hill for the fox business network. what's going on, rich? >> reporter: good afternoon, jon. in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a got
. >>> and this afternoon, the senate decides whether to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the members' pay if they failed to pass the budget by february 15th. >>> all right, tornados tearing through the south and the midwest is digging out. bill karins is sorting through this for us. >> unfortunately we had the first tornado fatality in this country in about 220 days. that had been a record. the story this morning is what's happening behind this storm that's exiting the northeast this morning. the windchills and the cold, i mean, winter has returned with a fury. it is like winter was mad at the big warm up we had a couple days ago. minus windchill of 32 in fargo. a couple spots are close to minus 50 in north dakota. a little bit of cold air in billings, but the air is not going to make it through all of the rockies. we are looking very quiet behind this big storm as we are watching cool conditions and snow flurries in the midwest. they went flying across the country. there will be major airport delays in the northeast and new engla
to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the senators' pay if they failed by february 15th. >> the midwest is trying to dig out. what else you got? and there's more. >> wait till you see the windchills in north dakota this morning. ugly. let's start with the bad weather. over 500 reports of severe weather over the last 48 hours. now the high winds and maybe even a quick rumble of thunder is trying to roll through new jersey and head up into new england. the storms are flying, that's the good news. baltimore, maryland, washington, d.c., you're done with the heavier rains. you'll see the line through new jersey, it's heading right over top of new york city and up into connecticut and the hudson valley. this is that enhanced line here as it moves to the north. and this is just a huge system, and we're going to continue to see the winds cranking for the next 24 to 48 hours over the eastern seaboard. winds are pretty light, but boston, wind gusts of 49, hartford, 41. the windchill in roland, north dakota is minus 49. i know they
into further deficit and debt. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on its obligations as early as mid-february. in economic news, americans' personal income grew in december, by the most in eight years. but first-time claims for jobless benefits were up last week. and on wall street today, the dow jones industrial average lost nearly 50 points to close at 13,860. the nasdaq fell a fraction of a point to close at 3,142. blinding snowfall and a slick freeway triggered a mile-long series of crashes in detroit today. at least three people were killed and 20 more injured. the pileups left a section of interstate 75 littered with wrecked cars and big-rig trucks. th
talking with the senator, the debt ceiling crisis could soon be resolved at least for now. the senate set to vote on a bill to raise the federal borrowing limit just temporarily. we're live in washington with that story next. eat good fats. avoid bad. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana nut crunch and cranberry almond crunch. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. jon: fox news weather alert. a powerful storm system sweeps through the southeast, leaving widespread damage in its wake. tornados, flipping cars and flattening homes in bartow county, georgia, yesterday. at least one
in the gym until they could be reunited with their parents. >>> the latest debt ceiling battle is over for now. tonight the senate approved a bill that will suspend the $16.4 trillion debt limit. montana senator said failure to pass that bill would have set off an unpredictable financial panic, the government would have gotten into its first-ever default if no action was taken. this is only temporary. another deadline could come up by august. >>> if there's not a new bill, the u.s. -- the joints chiefs send a letter to congress warning about budget cuts set to go in effect in march. they say aircraft would be grounded, and ships would have to return to port. they also expect to furlough 800,000 defense workers. >>> chuck hagel was put on the spot today, put into defensive motor. danielle leigh is on capitol hill. >> it was quite a long day. that hearing started at 9:30. it's just dmou wrapped up. it was the first time the former senator had publicly responded to some of the his staunchest critics. and he spent a lot of time clarifying, even retracting some of hess pastingses. early on
the debt ceiling in may. president obama will sign the measure so the government can keep borrowing and paying the bills for a few more months. >>> gas prices rising more than usual this year. trip 8a reported $3.42. and in january, $3.32, second only to last year's january average! >> the party is on hold. and the feds say they're opposed to the marriage of the world's two biggest beer companies. on one side, anhauser busch. and the makers of an still. they have plan to buy popular mexican beers, including the top selling import, corona. but they filed a lawsuit, arguing that merger would give just one firm control of half of the u.s. beer market, and the competition could drive up prices wherever they buy the stuff. aanhauser busch will fight it in court. >>> facebook users can send a gift card to their friends by mail, but you continue use the facebook card to have purchase anything on the website itself. rather, it's meant for other places like target. it's available on the online gift store, which hasn't made any money. >>> a courtroom with three people inside, the man, his mo
the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house and senate have to pass budget by mid-april or member paychecks will be held. >> the united states could default on the obligation every few months. not an ideal way to run a government. a short-term solution is better than another imminent manufacturered crisis. >> house republicans passed budget in the obama era and created the salary threat so senate democrats who have not do so this year. >> republicans tried to pass amendments that prioritize payments when cash runs first, pay interest first, social security and active duty military pay. and measure offsetting new debt with the matching spending cut. >> no gimmicks or timing shifts but these would be real cuts and growth in federal spending. >> democrats blocked each amendment. the no budget no, pay act sent unauthorred to the president for promiseed signature. >> the motion carries. >> there is no break in the battle. new deadlines loom. unless the two parties agree on a compromi
or the debt ceiling. they get the problems down the road-- >>> that's the problem -- >> well, joe. that is true. but the point about small business driving the economy. what is the biggest impediment? $1 trillion in new taxes that the president has imposed and also obamacare. let's be honest. the senate democrats don't move without the white house's okay -- >> well, actually i. the president needs to pass a budget and get serious, honestly about the debt and the regulation. he has 6,000 new regulations on the epa web site that i promise are going to hinder small business growth. i agree with you. both parties are to claim. but the president needs to take an honest look in the mirror. >> eric: how do we break this? where do you go for daylight? how do we get rid of the gridlock? >> if i could, thank you. i think we need to look at this in perspective. we know during the bush era, there were more epa regulations passed in the first four years of president obama's tenure. the real issue is, what small businesses want is access to capital. we have $4 tril trillion in our banks and our
in the debt ceiling in 2011 but now he doesn't want any domestic cuts. he's not somebody who wants cuts anywhere, anytime and this will be forced on him and on the pentagon cuts which he thought the republicans would avoid. he's the commander in chief. he has to worry about the forces, his own secretary of defense said we'll hollow out the forces and it will cost a lot of jobs of contractors, a lot of whom live in a state he wants, virginia. so he has to do something about this and it's unbelievable he would have offered the republicans a deal in which there are extra tax increases. republicans will do nothing and they should do nothing and demand if the president wants to avoid this, you do the ut do them somewhere else but no tax increases. >> charles lam, twice republicans have caved in to the demands of the white house and other democrats. do you think they'll do that again or will they do nothing? >> i prefer not to think of it as caving in. perhaps there's time for everyone to get reasonable. i agree with charles that the president's probably been perform today make this move toda
. it is set to vote on a bill to athe debt ceiling to keep going up through the middle of may had a would delay the ex-penned showdown between democrats and republicans over spending cuts. the house passed a bill last week. >>> president obama says he will sign it if it passes in the senate. >>> we are still following a developing story out of alabama. a-year-old boy is being held hostage and is now going on three days. here is what we know. 63-year-old man boarded a school bus tuesday after fatally shooting the bus driver. he grabbed the 5-year-old sxwoy pled the scene. police tracked the man down but says he has been holding the child hostage for more than 30 hours. neighbors of the man describe him as a loner and survivalist who distrust it is government. you can count on news4 for updates it is a story continues to unfold. >>> metro says it may need to review its procedures with d.c. fire after a chaotic evening commute. an insulator started smoking on the green line and the emergency responder cut the wrong electricity source. that left two trains stopped for hours between the anacos
and the debt ceiling battles? will all of these numbers go out the window? >> well i think the biggest problem this country has is debt. eventually debt has to be paid back and the problem is we adding three billion a day to the deficit, and i'm just worried that one day we're going to wake up and the market's eyes are going to open up and say wait a minute, look at all these debt and start hitting the wrong way. but look. so far so good. for whatever reason the market likes what it sees, and i never argue with the market. it's kind of stupid to do that. i think you would be run over by a train if you bet against it right now. >> heather: gary kaltbaum joining us. thank you so much. we appreciate your insight as always. >> my pleasure. thank you. >> gregg: so he gave us the barney cam. remember that, and he was by president bush's side throughout his eight years in the white house. what the former president is now saying about his beloved scottish terrier. yeah the barney cam. >> heather: hours before the big game, gregg, new developments and allegations involving nfl player ray lewis. >> greg
report. we don't have to deal with the debt ceiling again until august. that's what the treasury department is telling members of congress now. last week house republicans agreed to suspend the limit on how much the feds can borrow until the month of may. but treasury officials say they can take extraordinary measures to move around some money and keep paying the bills a bit longer. in the meantime. the two parties are still going at it over government spending. mike emanuel live on capitol hill tonight. republicans hammering democrats over that growing national debt, mike. >> well, that's right, bill. $16 trillion and counting. republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so th
bill. connell: we have rich edson on capitol hill. rich: the senate is increasing a debt in the ceiling. that would allow spending through may 18. they can push that date even further into the summer. the debt ceiling moves out of the way for fight over government spending. it has already started. >> clearly, it is the spending that we have to deal. now is the perfect time to do so. the key to a robust recovery is to create jobs and grow. >> it is something that we know. we understand that. there is more to making our recall of an economy. rich: if any of the amendments pass, the bill then heads back to the house. the senate will very likely said this bill to the president's desk this evening. the sequester beginning in march in a large portion of government authority running out march 7. if they fail to reach a spending puma we will have another government shutdown. back to you. connell: let's bring in band manager. -- let's bring in dan and. the president is a bully. is that what that means? >> clearly, john boehner is now understanding that what is going on is he is in the thunder do
as it wants. the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let
to come out then about mid may is the extension of the debt ceiling. but come back to your answer here, is that the motivation for harry reid not to produce a budget, he doesn't want to offend people? >> they d want to produce a budget because it makes you make choices. coming out of the 2010 election he was afraid and they were afraid of loosing their majority. they ae avoided every tough issue. we hardly did anything in the senate. when you have to budget you have to make decisions you can't speak in platte taoudz. that's why they've avoided doing a budget. think their time is up. they said they are going to produce a budget this year. that's important. look what we did this paul ryan's budget and how they beat it up. that's why they didn't want to produce one of their own. bill: it's my assumption that the senate produces a budget in april and it goes to the house and they say we are not moving on that. >> the normal process begins of negotiates where the two sides have to reconcile their differences in what they call a conference. this is the way this place is supposed to work not
, but things look good. we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by the question. in defense of molly's story and washington is getting better. that was not about dysfunction of washington, the two of them just do not like each other. that has nothing to do do with the broader things washington. the issue matrix is changing a bit. what we with saw in 2009 and 2010, when health care and economy were on the table, those are where the parties are fundamentally divided. that is going to be true. but the immigration, there's not the same divide with them. so it's not a polarizing issue with john kerry. part of the reason we are seeing less dysfunction -- on o
for four more months. the house passed a bill that extends the debt ceiling through may 18th. the legislation also requires both the house and the san jose to approve budgets by april 15th or face the loss of their paychecks. >>> the government of zimbabwe says it has own $217 left in the national treasury. this is after paying public workers last week. the government says it will ask the international community for financial assistance. opposition parties accuse the government of misusing hundreds of millions of dollars in revenue from the country's diamond sales. >>> new this morning, syria and iran are threatening to retaliate against israel for a rare israeli air strike inside syria. u.s. officials say israel is targeting a weapons convoy when it launched the air strike. the convey was believed to be the anti-weapons headed to hezbollah militants. the concern, that would allow the militant to shoot down israeli airplanes. syria said the israeli air strikes hit a military research facility. >>> "the new york times" now revealing for the last four months its computer system
of the debt ceiling vote to do wait has not done in the last four years and that is present a budget resolution for four years the senate said we don't care if the law requires us to do it. we'll ignore that. martha: let's hope dave camp's proposal of taking on tax reform is something republicans have been talking about for a long time. chinned with the fact that the senate must act on a budget must get us into tangibles in terms of this discuss in washington. carl, thank you so much. always good to talk to you. gregg: disturbing information about iran's nuclear program. martha: this is one of the most interesting moments of the game. the light went out. i thought this was a blowout game and the next thing you know -- a firsthand account from what it was like at the stadium from a familiar football fan. hey, it's me, progressive insurance. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. [sigh] it feels good to help people save... with great discounts
the board cuts part of the deal that was made, the debt ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the power of the presidency t
the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a postpone this sort of economy prattling default situation until they can prosecute thi
on the fiscal cliff, the three-month extension on the debt ceiling, have done absolutely nothing to resolve our long-term fiscal challenges. and given the fact that we have no long-term agreement, consumers are doing exactly what you're saying. they're hungering down because they're scared. martha: i think you have to accept that across the board, both parties do in terms of nothing being accomplished. >> everybody agrees on that. on all sides. there is no doubt about that. martha: we've got it all figured it out. we'll let them work on it down there in washington. thanks very much, guys. great to have you all here. bill: problem solved, right? martha: yep. bill: got breaking news, martha. getting some aerial pictures from calhoun, georgia. this is hour, hour 15 minutes north of atlanta, georgia. after the storms ripped through the area yesterday and overnight last night. some reports have six dead as a result of this huge storm that went through. some of the images earlier showed some of these foundations just completely rocked to the ground. that is the aftermath you're seeing, what appear to
followed the house of representatives in the past legislation extending the nation's debt ceiling, this time at least until may 19th. but for practical purposes, probably a few months longer than that. the vote in the senate, 64-34. the bill passed the house next week and will sign it into law. there will be an increase in the nation's debt limit, at least for the next few months. they will battle over this later down the road. other news we're following, three stories involving high-profile shootings at a time when the nation is struggling with the issue of guns. lisa sylvester is monitoring that. some of the other top stories in "the situation room." lisa, what's the latest? >> at least one person has been shot at a middle school in atlanta. the victim was conscious and breathing when taken to a local hospital. the suspected gunman is believed to be a student and is in custody. >>> police outside of dallas are investigating the shooting of a prosecutor. district attorney mark haas was gunned down this morning outside the county courthouse. police aren't sure whether haas was tar
the other. the debt ceiling or the sequester or the sgr cliff. does congressional staffers, i'm sure debbie can attest to, we are constantly living in his temporary environment because we have to. that is unfortunate your we would all like to take some time and do a deep dive into deep policy thinking and try to think of transformational ideas that can transform everything, but when we kind of walking to work reality hits us. we have a job to do. we have to take of the thing that is the most pressing on the front end, and, unfortunately, that's kind of the environment we are living in. and it was a very interesting panel, especially the last one, where i was hearing, there's nothing better than congressional staffers. actually talk to patients are going through the clinic. one of the things that, the reality that we suffer with, unfortunately and this is something we all have to deal with come is just the fiscal reality. as you rightly pointed out, it is right now the debate is about budget and at, people are can't figure out to control costs but also how to find actual savings that are sco
fighting with republicans over the idea of raising the debt ceiling. guess what? it's time to pay the piper. >>> it's been delayed once. the president can argue all the bad things will happen and the food will be unsafe and the nuclear weapons will get lost in russia or whatever else he'll say, but eventually this is a problem that can't just be outrun. >> well, and the white house, at least the president's version of the story is he didn't come up with sequester and there are questions as you mentioned about jack lew being the man who came up with this, that there's some connection to the administration. he said congress came up with it, it's their fault, they have to deal with it. something else he may talk about today is essentially this theme that the economy is poised to start growing this year. we know it didn't grow. in fact, it went in reverse the fourth quarter of 2012 and unemployment went up last week, so where are the green sprouts of growth? >> well, we've seen this movie before, haven't we? every time it looks like things are getting ready to go, there's another problem and th
a deal on the fiscal cliff, pushed back the debt ceiling issue so that they can breathe a little bit and try and move away from just these fiscal sues. now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you ever think republicans would call him a rhino, republican in name only. here you go. i've always thought of karl rove as a conservative. what's going on is his pac has said, you know what, we are tired of someone associated with his pac said to me, quote, the novelty of losing elections has worn off, and what they've decided to do is to start putting their money in primaries. they want to vet republican primary candidates so that by the time they get to the general election they believe they have qualified vetted candidates who can actually win. conservatives ar
Search Results 0 to 49 of about 57 (some duplicates have been removed)

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